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ABWBX AB Balance Wealth Strategy B

  • Fund
  • ABWBX
  • Price as of: Jan 13, 2017
  • $13.82
  • + $0.02
  • + 0.15%
  • Category
  • Diversified Portfolio

ABWBX - Profile

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $986 M
  • Holdings in Top 10 14.4%

52 WEEK LOW AND HIGH

$13.82
$12.12
$13.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.70%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2009-01-31

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.50%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name AB Balanced Wealth Strategy
  • Fund Family Name AllianceBernstein
  • Inception Date Sep 02, 2003
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher H. Nikolich

Fund Description

The fund invests in a combination of underlying mutual funds managed by the Adviser ("underlying portfolios"). It seeks to efficiently diversify between growth and value equity investment styles, between U.S. and non-U.S. markets and among diversification investments, except that it invests primarily in underlying portfolios in doing so.

ABWBX - Performance

Return Ranking - Trailing

Period ABWBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.7% -49.2% 9.2% 20.31% 2
1 Yr 5.0% -36.7% 45.9% 63.07% 4
3 Yr 2.0% * -12.5% 11.8% 70.96% 4
5 Yr 5.9% * -10.0% 14.4% 60.38% 4
10 Yr 2.5% * -4.6% 8.0% 88.34% 5

* Annualized


Return Ranking - Calendar

Period ABWBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.3% -65.8% 23.3% 36.56% 3
2015 -3.5% -37.7% 48.7% 15.97% 2
2014 2.0% -59.3% 22.9% 24.26% 2
2013 9.8% -17.5% 36.4% 39.19% 3
2012 9.3% -16.2% 18.4% 34.96% 2

Total Return Ranking - Trailing

Period ABWBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.7% -49.2% 9.2% 20.29% 2
1 Yr 1.0% -39.8% 73.2% 74.38% 4
3 Yr 1.4% * -13.4% 28.2% 71.32% 4
5 Yr 5.9% * -10.4% 14.4% 57.61% 3
10 Yr 2.5% * -4.6% 8.0% 87.32% 5

* Annualized


Total Return Ranking - Calendar

Period ABWBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.3% -65.6% 32.0% 52.44% 3
2015 -2.5% -29.3% 50.4% 56.65% 4
2014 3.7% -54.8% 25.4% 66.44% 4
2013 14.1% -16.7% 57.2% 52.83% 3
2012 11.8% -16.2% 74.5% 64.43% 4

NAV & Total Return History

ABWBX - Holdings

Filings data as of: Nov 30, 2016

Concentration Analysis

ABWBX Category Low Category High ABWBX % Rank Quintile
Net Assets 986 M 81.4 K 102 B 7.90% 2
Number of Holdings 3264 1 12577 0.27% 1
Net Assets in Top 10 144 M -1.25 B 20.2 B 13.50% 3
Weighting of Top 10 14.4% 0.2% 3588.1% 28.60% 5

Top 10 Holdings

  1. US Treasury Note 0.85%
  2. Japan(Govt Of) 0.1% 0.82%
  3. Facebook Inc A 0.68%
  4. Alphabet Inc C 0.68%
  5. AB Multi-Manager Alternative Strats Z 8.02%
  6. Royal Dutch Shell PLC Class A 0.60%
  7. US Treasury Note 0.75%
  8. US Treasury Note 0.74%
  9. US Treasury Note 0.67%
  10. Vanguard REIT ETF 0.57%

Asset Allocation

Weighting Category Low Category High ABWBX % Rank Quintile
Stocks
54.35% 0.00% 151.04% 14.53% 3
Bonds
35.25% -81.84% 3483.12% 14.53% 3
Cash
9.40% -3422.79% 100.81% 11.40% 2
Other
0.81% -15.48% 99.72% 14.60% 4
Preferred Stocks
0.12% -0.04% 34.85% 7.83% 3
Convertible Bonds
0.08% 0.00% 33.12% 6.45% 2

Stock Sector Breakdown

Weighting Category Low Category High ABWBX % Rank Quintile
Technology
9.99% -3.41% 70.04% 8.54% 2
Financial Services
8.72% -6.79% 69.58% 11.98% 2
Healthcare
6.34% -3.11% 34.02% 11.56% 3
Consumer Cyclical
5.92% -7.49% 54.37% 12.53% 3
Industrials
5.37% -4.02% 48.84% 13.46% 3
Energy
4.66% -3.08% 34.22% 7.38% 2
Consumer Defense
4.41% -2.25% 27.69% 10.03% 3
Real Estate
3.38% -8.09% 48.98% 7.57% 2
Basic Materials
2.45% -1.48% 21.85% 8.82% 2
Communication Services
1.89% -0.67% 27.16% 8.54% 3
Utilities
1.21% -6.36% 47.20% 9.75% 3

Stock Geographic Breakdown

Weighting Category Low Category High ABWBX % Rank Quintile
US
33.49% -97.12% 148.25% 17.57% 3
Non US
20.86% -2.13% 150.26% 5.45% 1

Bond Sector Breakdown

Weighting Category Low Category High ABWBX % Rank Quintile
Government
17.06% -89.50% 3400.32% 7.32% 2
Corporate
12.55% 0.00% 90.42% 16.57% 3
Cash & Equivalents
9.40% -3405.74% 116.43% 11.08% 2
Securitized
5.05% -0.01% 34.62% 14.05% 3
Municipal
0.15% 0.00% 91.52% 6.86% 3
Derivative
0.00% -84.53% 31.50% 3.07% 4

Bond Geographic Breakdown

Weighting Category Low Category High ABWBX % Rank Quintile
US
23.81% -154.38% 2519.68% 18.72% 4
Non US
11.44% -57.44% 963.44% 5.26% 1

ABWBX - Expenses

Operational Fees

ABWBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.70% 0.00% 165.34% 10.99% 4
Management Fee 0.55% 0.00% 2.55% 3.34% 3
12b-1 Fee 1.00% 0.00% 1.00% 0.06% 5
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

ABWBX Fees (% of AUM) Category Low Category High ABWBX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load 4.00% 0.75% 5.50% 0.83% 4

Trading Fees

ABWBX Fees (% of AUM) Category Low Category High ABWBX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ABWBX Fees (% of AUM) Category Low Category High ABWBX Rank Quintile
Turnover 14.00% 0.00% 5609.00% 13.26% 1

ABWBX - Distributions

Dividend Yield Analysis

ABWBX Category Low Category High ABWBX % Rank Quintile
Dividend Yield 1.3% 0.00% 11.33% 0.81% 1

Dividend Distribution Analysis

ABWBX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ABWBX Category Low Category High ABWBX % Rank Quintile
Net Income Ratio 2.50% -2.67% 9.94% 8.42% 1

Capital Gain Distribution Analysis

ABWBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

ABWBX - Managers

Christopher H. Nikolich

Manager

Start Date

Sep 02, 2003

Tenure

13.34

Tenure Rank

1.0%

Mr. Nikolich is a senior vice president and senior investment director on the defined contribution research and investment design team and has been with the firm since 1994. In his current role Mr. Nikolich works with clients in the structuring of their target date portfolio investments as well as is involved with the ongoing investment research effort as it relates to defined contribution. From 2002-2008 Mr. Nikolich was a senior portfolio manager on the Blend Solutions team where he worked closely with clients on the creation and implementation of multi-asset class solutions. During his tenure with the Blend Solutions team, Mr. Nikolich worked in London from 2004-2006 and during this time worked closely with clients in the UK and Europe. Between 1996 and 2002 Mr. Nikolich was a portfolio manager in the index strategies group where he managed risk controlled equity services. Mr. Nikolich has an MBA in Finance and International Business from New York University and a BA in Finance from Rider University.


Vadim Zlotnikov

Manager

Start Date

Aug 30, 2013

Tenure

3.34

Tenure Rank

5.0%

"Chief Market Strategist Vadim Zlotnikov was named Chief Market Strategist in 2010. He is responsible for providing macro and quantitative research that helps identify thematic investment opportunities. He is also a member of several portfolio oversight groups that are responsible for monitoring portfolio risks and performance. Previously, Zlotnikov was CIO of Growth Equities, a position he held from 2008 to 2010. He was chief investment strategist from 2002 to 2008, responsible for developing portfolio recommendations for the US market. Additionally, he was responsible for separate quantitative analysis and money-management research products. Prior to that, Zlotnikov was an analyst covering the PC and semiconductor industries, and he launched the technology strategy product in 1996. Before joining the firm in 1992, he spent six years as a management consultant with Booz, Allen & Hamilton, conducting a broad range of strategic and operational studies for technology companies. Zlotnikov also worked for Amoco Technology Company as a director of electronic ventures, and spent two years as a research engineer with AT&T Bell Laboratories. He was named to the Institutional Investor All-America Research Team in the semiconductor components, strategy and quantitative research categories. He earned a BS and an MS in electrical engineering from the Massachusetts Institute of Technology in 1984 and an MBA from Stanford University in 1988. Location: New York "


Daniel J. Loewy

Manager

Start Date

Aug 30, 2013

Tenure

3.34

Tenure Rank

5.0%

Daniel J. Loewy, leads AllianceBernstein’s research on Dynamic Asset Allocation Strategies within the Blend Strategies team. Mr. Loewy, CIO and Director of Research–Dynamic Asset Allocation Strategies, joined AllianceBernstein in 1996 and has had portfolio management responsibilities for more than five years.


Tenure Analysis

Category Low

0.0

Category High

36.0

Category Average

5.5

Category Mode

2.0